Thursday, 12.11, BTC is currently quoted around 9.03, which is a reversal after the interest rate decision. The hourly chart shows five consecutive downward candles. Continuing with yesterday's idea, the market may reverse after the meeting. Today, BTC remains mainly bearish.
Looking at the hourly chart, support is around 8.95, with resistance near 9.15.
Currently, the price is in the lower part of the Bollinger Bands. After a rise later in the evening, it might be a good opportunity to go short!
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Thursday, 12.11, BTC is currently quoted around 9.03, which is a reversal after the interest rate decision. The hourly chart shows five consecutive downward candles. Continuing with yesterday's idea, the market may reverse after the meeting. Today, BTC remains mainly bearish.
Looking at the hourly chart, support is around 8.95, with resistance near 9.15.
Currently, the price is in the lower part of the Bollinger Bands. After a rise later in the evening, it might be a good opportunity to go short!